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For a long time, the impact of the collapsing Petrodollar was concentrated almost entirely on African and Mid-east oil exporting nations, of which none has been impacted more perhaps that ground zero itself, Saudi Arabia, which has seen a record surg
Becoming Bullish?...An interesting fact has hit the newswires earlier this week, as the Dutch Central Bank confirmed it was looking to (temporarily?) move its gold reserves to another secure location.
One bank CEO outlines what will happen to your bank account if the Fed takes interest rates negative
This Is How Government Dealt With Dissent And Revolt In Collapsing Venezuela - "Soldiers Shooting Civilians In The Streets, Paramilitaries Roaming Neighborhoods"
In February ...As noted earlier, among the catalysts for the overnight leg higher in oil was a statement by Venezuelan Oil Minister Eulogio Del Pino who triggered the headline-scanning algos yesterday when he said, during a television broadcast on Te
On February 16th, The Washington Post printed the article, "It's time to kill the $100 bill." This came on the heels of a CNNMoney item, the day before, entitled "Death of the 500 euro bill getting closer."
That all changed overnight when the Shanghai Composite plunged by 6.4% with the drop accelerating into the close. This was the biggest drop in over a month and was big enough to almost wipe out the entire 10% rebound from the January lows in one sess
In his latest must read presentation, Citigroup's Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well how it all ends (incidentally not i
"It's a big club and you ain't in it!"
"It's a big club and you ain't in it!"
Todays "Chart of the Day" from The Economist makes an attempt to show that gold isn't doing any better when it comes to preserving buying power than currencies such as the Swiss Franc (CHF) or the Japanese Yen (JPY). Roy Sebag, co-founder of Bi
By now, regular readers are familiar with the eight-year, bubble-and-crash cycles in our markets and economies which are manufactured by the crime syndicate known as "the One Bank." The reason the cycles are roughly eight years long has also been
By now, regular readers are familiar with the eight-year, bubble-and-crash cycles in our markets and economies which are manufactured by the crime syndicate known as "the One Bank." The reason the cycles are roughly eight years long has also been
Saudi oil minister Ali al-Naimi said on Tuesday that a cut in the kingdom's oil production "is not going to happen," according to the Financial Times.
The information in this article will be a short synopsis of how the Petrodollar was created, in order to allow the readers to tie in an understanding to the bigger picture we face today.
In my archives there is a column or two that introduces the reader to John Perkins' important book, Confessions of an Economic Hit Man.
Retail sales in Canada fell 2.2% in December from November on a seasonally adjusted basis, but not adjusted for inflation, to C$43.2 billion … But just because retail demand is crummy doesn't mean that retail prices can't power higher.
Operating under the mistaken belief that a modest dose of inflation is either a prerequisite for, or a by-product of, economic growth, the nation's top economists have been assuring us for quite some time that inflation will stay very low until the
The bosses at more than a third of Britain's biggest companies including oil giants Shell and BP and its largest telecoms group said leaving the European Union would put the economy at risk, backing Prime Minister David Cameron's call to stay in the
Back in August, we warned that things were about to get much worse for Standard Chartered, whose EM focus makes the bank especially vulnerable to the ongoing downturn in commodities and the generally poor outlook for the emerging world in an environm
The sea stretched toward the horizon last New Year's Eve as the Theo T, a red-and-white tug at her side, slipped quietly beneath the Corpus Christi Harbor Bridge in Texas. Few Americans knew she was sailing into history.
Operating under the mistaken belief that a modest dose of inflation is either a prerequisite for, or a by-product of, economic growth, the nation's top economists have been assuring us for quite some time that inflation will stay very low until the
Quietly as an aside in a speech, the Head of the Bank of Japan, Haruhiko Kuroda, confessed that QE has little if any impact on GDP growth. I touched upon this issue previously, but I want to reiterate it here because it is absolutely ASTOUNDING.
Negative rates may not have found their way to bank deposits in most locales (yet), but that doesn't mean the public isn't starting to see the writing on the wall.
which end in price controls, scarcity and mass famine... Widespread starvation, food scarcity in Venezuela, inevitable result of socialist economic policies which end in price controls, scarcity and mass famine
The pound fell the most since the U.K.'s 2009 banking crisis after London Mayor Boris Johnson, one of the nation's most popular politicians, said he'll campaign for Britain to leave the European Union in a June referendum.
While in the US market breaks practically always happen when the market is sharply lower, and are intended to halt any downward momentum, in Europe this simple relationship has yet to be perfected, and for the past hour, following what it announced w
For the likes of Paul Krugman, the Riksbank provides a cautionary tale for central banks wary of committing so-called "policy mistakes."
More and more analysts and commentators have caught to the fact that the Powers That Be are actively preparing for the next financial crisis with even more extreme measures.
Swiss Politicians Slam Attempts To Eliminate Cash, Compare Paper Money To A Gun Defending Freedom
